>> we talked about energy. i look at devon energy and i think it is a buy. >> retails, macy's the best i can find. >> sell the bounce in coke. >> hertz, selling is overdone. >> cryou guys have a great restf the day. "power lunch" picks up the story right now. scott, thank you very much. we have breaking news out of canada. there is the video. the u.s. embassy in ottawa on lockdown. there are several shootings. this is the first video from inside parliament. you see an active shooting situation. police running for cover as even as they advance. the video shot by a reporter who was inside the building. still an active situation. police right now covering every inch in and around parliament as you would expect intense police activity in and around the area. officers have brought in heavy

weapons to quash any threat. they are obviously patrolling with their weapons drawn as you saw right there. ottawa right now a city under lockdown. bill griffith is covering it for us. >> what appears to have been a coordinated series of shootings in the canadian capital started a couple of hours ago when a gunman shot a canadian soldier who was standing guard. that gunman ran into the parliament building and a cabinet minister tweeted that he heard 30 shots fired after that. we saw that dramatic video taken moments after the shooting. this is courtesy of the globe. we should point out prime minister steven harper is safe. he was in a caucus meeting in parliament when the gun fire erupted. we are expecting a statement from prime minister harper shortly. there are reports of multiple gun men and one was shot and

killed. we do not know the condition of the soldier shot at the war memorial. ottawa hospital said they had received three patients and police are warning the citizens of ottawa to stay away from windows and roof tops at this hour. by the way, the american embassy is under lockdown. president obama has been briefed on the situation by homeland security adviser lisa monaco. a white house official says there has been no change in security at the white house although norad has gone on a high alert posture just in case. by the way, the toronto maple leafs are also in lockdown. there is word that tonight's game may be postponed as a result. this incident follows another one two days ago when a convert to islam killed one canadian soldier and injured another in a hit-and-run. that assailant was killed by police. nbc news has been reporting that

officials in canada had been concerned about the potential knife and gun attacks in canada and the united states. the royal canadian police have stated that they were watching 90 known isis sympathizers. there is, however, no indication right now that this incident has any connection to isis. sue, as you probably know art cashin put a note out that the latest one is what really took the wind out of the sails of the stock market. >> everybody here is glued to that story. thank you for the update. we will continue to update this story as new developments unfold. as bill mentioned major averages did lose early gains. dow sitting near session lows of the trading day. down 51 on the dow. s&p down. joining me here is chief market

strategist as banyon partners and jeff knight joins us. certainly a very scary situation in canada. everybody down here is watching it. the stock market is very jittery. >> absolutely. the world is on edge. any kind of news like this will put a little bit of worry and concern in the overall market. we don't know what is going on. hopefully no one else is going to be hurt and hopefully they get this resolved and it turns out it is just somebody that has sort of a mental issue. >> right. how do you feel about the market overall? we had wild swings in the marketism in many cases we have recovered everything we have lost in the previous week. >> in a short amount of time we have done it. i think the selling we started to see back in september wasn't related to issues going on in the world, ebola, the worries about europe.

they have all sort of come into play at the same time along with the fact that everybody was looking for a correction issue. we have been saying for the good part of this year that the end of tapering will bring market volatility and will bring a potential selling increase. so we see the most recent comments out of fed president bull rd and with the comments that they think the ecb will start to move on buying bonds that is really just a conviction or a strengthening of our argument that that is all this has been. >> jeff, why don't you weigh in on that? how do you feel about the market right now? i noticed as we take a look at what you like and where you are putting your money to work you are still overweight equities but you like asia and japan. >> i think what strikes me is a few months ago if we were looking down the list of world asset classes we would have

observed that almost everything was up. one by one we have seen either country stock markets or different asset markets fall into the red. so you said earlier that we have reclaimed some of the gains. that is true. i think one thing i notice is the return landscape is getting much more stingy. i think it is connected to the winding down of quantitative easing in the u.s. but more importantly connected to risks that are being reckoned with with respect to economic activity generally and especially deflation. >> we are looking at some of your recommendations. you say absolute return strategies. what do you mean by that? what does that actually mean? >> thinking about portfolio diversification. i think the landscape of assets today is compelling to take more risks if you look at the safe end of the asset spectrum, cash or gold bonds is not attractive.

there is great motivation to take risks. the question is how to diversify that if the reason you are going out there is that you are not impressed. the reason we like absolute return strategies is we are looking for additional divers y diversifiers to stabilize portfolios. >> thank you. good to see you. 32 stocks in the s&p 500 have rebounded more than 10%, at least they had off of last week's low. dominic chu with a look of three sectors that have seen the biggest rebound and the three biggest stock gainers within the sectors. >> we are in the market that is showing a bit of a down draft today. it didn't change the fact that investors did buy some of the corrected stock market move including noted hedgefund manager david einhorn. >> we have been feeling

fortunate because it was very hard a few months ago to find opportunities. in the last couple of weeks we have been able to pick up a bunch of things we are pretty excited about. >> we talked about the risk taking tolerance, this idea that a lot of money managers may think that risk should be taken a little bit in the market. take a look at these sectors overall. if you look at the s&p industrial sector this is up about 5%. the third best performance sector since the market bottoms that we saw on october 15. within industrials one stock stands out. take a look at this one here. overall shares of this company, united rentals, one of the biggest rental companies are up 15% during that time. investors who had this on their shopping list have reaped some rewards here. the second best performing sector in the s&p has been material stocks up by about 6.5%. within material stocks also a very riskier or we will call it a more cyclical economically

sensitive sector. one company stands out. they make chemicals, plastic products for oil. they are up about 11% over the course of the past couple of weeks here. and then we will finish off with the best performing sector here. this is the energy sector. single hardest hit up about 6%. >> thank you very much. as we continue to follow the developing situation in ottawa we have constbal benoit. what can you tell us about the latest in the situation there? are there gun men on the loose? if so where most especially are you looking for them? >> there are suspects that we are still trying to search and apprehend and arrest. the locations i won't be able to give because the officers are actually searching numerous places where information came

from either witnesses or from intelligence gathered from on scene. and you are looking at the places where they might be hiding or trying to evade police. >> do we know how many suspects may be on the loose and whether any other suspects have been subdued or killed? >> i won't confirm the kill part. there is one that was being dealt with by ottawa police at one point. the two other suspects that we believe are involved that were on the scene during the shooting at the war memorial, that was the first crime scene where the one male was victim to gun shots. so we are looking at in total right now three people. is there possibly more? that is a possibility.

we can't confirm the number count at this point. the officers on scene are looking for these two suspects. >> how many people have been injured? can you confirm that the soldier shot in ottawa at the war memorial has succumbed? >> i can't confirm the status of the injuries of the victim from the war memorial. there is an officer on scene at the hospital. we are just awaiting his update. before i get that i won't be able to confirm. the other persons involved within this whole scene which is very large right now, i don't have confirmations on other victims of injuries. right now i am just waiting for confirmations. i hear a lot of stuff. until i am confirmed on scene i won't be able to confirm. >> no confirmable word on the condition of the soldier who was shot though there are reports

out of canadian television networks that that individual has died. and no confirmable news from you, and we fully understand you don't want to get ahead of what you really know and want to tell us what you know and not what you heard about other injuries. i assume we can continue to believe that this is a coordinated series of shootings. what if anything can you tell us about whether this may have any connection to the incident earlier this week in canada where a soldier was run down by individuals pleeved to be si s sympathetic with isis? any linkage to what we call organized international terror? >> i won't be able to confirm any allegations towards that. we work very closely with the information as a liaison to federal agencies that are involved with these informations. we gather information on our

properties that we deal with certain communities but this information is coordinated with the federal agencies and i won't be able to confirm that. i will let them confirm any information at that point. >> let me bring in sue herrera from the new york stock exchange. >> do you have any idea how these people got into the parliament building? as we understand it from what we are reading there are armed guards at the entrance to the building. and as they go through security do we have any idea how that all played out? that they were able to get access and get so deep into the building? >> no. i won't have the story line of how the approach to parliament or how they got to the parliament until that is confirmed through the investigation. the only thing i have confirmed is what i have mentioned.

we have officers on both, on all agencies that are working on sites right now trying to apprehend the remaining suspects. and we are asking the public to be very vigilant and very safe and be safe with each other and call in any kind of suspicious or any information that they can gather while they are within the perimeter. >> let me just conclude by asking whether the parliament building in your view has been evacuated. is it secure now? >> i don't have that information. sorry. >> we thank you very much for your time today and for telling us what you know and not just what you heard. we appreciate it. let's go to michelle caruso-cab rerra. >> just to reiterate what you

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. as we continue to monitor the situation developing in canada, art cashin put out a note saying basically the market turned because of the situation in canada. and they are wondering whether or not this is the start of more type of lone wolf attacks. let's talk about putting in protection, perhaps. the dow jones industrial average is down 51 points. s&p down two. joining us is jim iurio and scott nations, president and ceo of nations shares. welcome, guys. let me start with you, jim. given the fact that we saw the market turn and every monitor down here is watching what is going on in canada, would it be wise to put in protection?

how would you do it? >> i think even independent of this story after we rallied the market 120 handles off the lows we are in a period of increased volatility. yes this is scary and brings up question. absolutely, i think people as we go forward are going to look to flock to names that are somewhat closer. i am interested in things like utilities probably all the way out to health care, things that pay a dividend in a low rate environment are viewed to be relatively staf and stable. i stay clear of things like greek bonds, things like tesla and netflix. >> i agree completely. a couple of brand names, wonderful brand names have gotten beaten up because they have reported disappointing earnings. that would be coke and mcdonald's. do we doubt those great companies are not going to figure it out. mcdonald's could come out with a

50% organic menu and would be right back to all-time highs. you talk about buying protection, this is not a time to go into buying treasuries because of the unfortunate situation in canada. >> the market, are you surprised that the market turned negative when this development occurred in canada, when the shootings started? >> quite honestly i was surprised because when the story started to break i didn't realize the story had the magnitude that it does. when we lost a couple of ticks on that i was shocked. clearly it is enough to dictate down side. the important thing to remember is that the market was having a difficult time making any moves higher after yesterday's spectacular move. so the normal course of action would be that it takes something off the table right now. >> you get the last word. go ahead. >> the s&p being down two handles right now given the last week that we have had is not a horrible thing.

it is actually probably pretty healthy. >> thanks, guys. really appreciate it. up to you. let's take a look at the dow over just the past week and show you how it has come up. it is now up about a half a percent so far this year. s&p trading up over the past week very dramatically even including today's sell off. for the year it is up about 5%. so the question for the table here is is the sell off over? rob asana, what ado the techni l technicals tell us about whether the bottom of the correction was put in or not? >> you had a momentum low and now you go through the process and we have a news headline where you retest the lows or at least don't move in a v shape all the way back up to new highs. we may have to do some work. the number of new lows expanded on the down move.

advanced decline line rolled over. all of that has begun to resolve itself. it is a good time to buy stocks that you like cheaper than they were a couple of weeks ago. it is not necessarily certain that we are entirely out of the woods. typically if we repair the technical damage that we have seen this is part of a corrective process. >> they absolutely were. it was one week ago today at roughly this hour that the market hit its low when it was off about 450 points at that point. the snap back was dramatic particularly for the s&p and nasdaq and the russell up. the dow a little less so but there were particular reasons there, as well. ibm one of them. >> coke and mcdonald's adds to some of that. as i wrote on cnbc.com yesterday corrections by definition, by tradition are sharp, short and scary. certainly this was one of those. it is interesting how many news

headlines have gone away since the depths of the fear that we have had and the outbreak of fear that we had over the last three or four weeks. >> the outbreak of ebola being one of them. much quieter now. >> worries about europe are on the back burner again. we are looking for stimulus out of the european bank assuming it comes. it could be problematic if a fed official says something we can see another move to the down side. as long as we are repairing the technical damages and averages are bouncing back we are in the process of correcting the correction. >> thank you very much. good to see you. let's see. michelle, i guess we are going to come to you and check up more on the story from ottawa. >> twitter has become a place for information. i want to highlight a photo

tweeted out by the chief news anchor at ctv canadian television. this is from inside the parliament. we would highlight the chairs that have been piled against the back door if you can look into the depths of the picture where they were trying to defend themselves from something in this series of shootings that we know occurred in ottawa. the other additional point is that if someone is just tuning in that the soldier that we know was shot has died. those are the two updates that we have at this point. >> just a quick -- we asked the constable how this person or persons was able to gain entry to the parliament building. in reading some of the news wires apparently there are several, maybe as many as four or five armed guards. it will be interesting to see how they were able to get through that security. >> i think that is going to be one of the key conditions as this whole situation unfolds and when the investigations are done

exactly how it was that they were able to get to where they got and clearly the chairs in that photo piled against the door suggested that they were concerned about entry into the chambers. >> still developing story. thank you so much. appreciate it. we should note that the dow has furthered it sell off down about 70 points on the trading session and the transportation average has dropped down 102 points on the trading day. we will continue to follow this developing story in canada and how it may be affecting the markets in today's trading session when we come back on "power lunch." cute little guy, huh?

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even more rewarding. ink from chase. so you can. welcome back. the white house press person josh earnest is making comments about the situation in canada saying the white house's thoughts and prayers go out to those affected and to the family of the soldier killed earlier. canada is one of the closest friends and allies of the u.s. and there is a strong partnership and friendship between the u.s. and canada and that relationship makes us safer and the details are sketchy at this point, not unusual in a chaotic situation and the governments are staying in close touch including officials at the white house and are arranging a phone call between president obama and prime minister harper as soon as possible.

let's go to dominic chu for a quick "market flash." >> all of that is ehelping to pressure to session lows. we are down by about 87 points leading blue chip index lower are boeing shares saying a moderate change to the company's operating guidance likely to dispoint investors. american express, caterpillar pressuring. just off session lows the situation in canada has an effect at least on the markets for right now. thank you very much. let's take a look at gold prices right now as they close. and there you can see that we had it there for a second. i don't have the number in front of me. looked like a negative day down about a little bit better than 0.5% to close at $1,245.50 for the day. let's check in. a negative day, as well, for all of them.

silver down about 2% at 17.22. other losses a little more modest except for platinum down 1%. let's see if money went into the bond market. rick santelli is tracking the action at the cme. >> i am a real maetand potatoes guy. we started to see the headlines a little before 10:00 eastern. it was largely ignored by the stock market. it took tv and our news coverage and many channels out there running the story that it really started to get with regard to effecting the markets. so one would suspect that the same dynamic was true in the fixed income markets but it was not. if you look at the two day of ten year note yields you can see that we are in a tight range above yesterday for the most part and largely unaffected by both that horrible news story

and its eventual impact on equity prices. i think that is significant. let's take it a step farther and look at the canadian ten year market pretty much wasn't any type of safety issue. you can clearly see it is at the upper end of the yield range and lower end of its price range. let's take the dollar versus canada. we don't see a whole lot of net activity. there was activity but not a lot of net activity for the most part about the same place before the news headlines came out. not to dismiss the story. it is a horrible story but based on what i am seeing on fixed income markets it will probably have a short scenario with regard to impact on equities if the information we currently have proves to be true and the story doesn't take anymore negative turns. thank you very much. meantime the world's top asset managers and investors are meeting in texas.

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now welcome back to "power lunch." the s&p is at session lows down by about 8.5 points for the overall broad index. leading the way lower followed by rider systems. and the worst performing sectors are energy and industrials. so the most cyclical or economically sensitive riskier ones perhaps getting hit the most. we go to campbell clark, a reporter for the globe and mail. good to have you with us. i gather you are near but not actually in the parliament building in a secured area. what can you tell us about the security situation right now there and whether parliament itself has been declared secure?

>> it hasn't. parliament is still locked down. there is a four block area south of it that has been closed off and people have been evacuated out of there. the police are still rushing around apparently looking for a suspect. half an hour ago they were running down one of the main streets of ottawa saying get to the side of the building looking at the roofs. >> where are you now and where were you when the shooting broke out? describe what if anything you saw or heard. >> i wasn't on parliament when the shooting broke out. i came here afterwards. i am now about four blocks up just outside the secure zone that has been evacuated. there is less movement now than there was before. they are still apparently looking for two suspects, one has reportedly been shot and killed by the sergeant at arms

of the parliament, the head of security and a former police officer. >> thank you very much. we will continue to call on you if we might as the situation evolves during the rest of the day. campbell clark. >> art cashin is here with me as this market starts to fall out of bed a little bit we were down 101 points just a few moments ago. can we directly link it to what is continuing to develop in canada? >> i think you got two things going on here. first of all the story popped up and it really started to get traction when people realize that just a few days ago there was another incident in canada and that began to raise fears that perhaps we were going to see a series of lone wolf events where nothing big, no world trade center but trying to disrupt average life by taking shots at people and running down with cars. that re-introduced the idea of

risk to the market. bids started to pull out. as we came down another factor came in which is crude. west texas intermediate getting close to breaking below 81. that will put added pressure on the markets. so that is what is taking us here. >> what levels are you watching in this market right now? >> i would say in the s&p if we get substantially further down i would say probably around 1,925 that would be some selloff. around that level. more importantly i keep my eye on the oil breaking below 81 will substantially inkraes the pressure on the market. we head out now to texas where the barefoot economic summit is on the way. some of the world's top asset managers convened to share best investing ideas and probably some barbecue. >> reporter: hi. that's right.

barbecue is coming up. i always get to sit down with chief investment officer, $23 billion under management, fixed income, obviously. we talk about long and short equity hedge funds. we don't give enough time to you fixed income guys. let me start with high yield. we heard from mr. ikahn saying it is a bubble. >> i differentiate behind higher quality part of high yield bonds -- first, it is great to be back. i always enjoy our conversation at this conference. in terms of high yield, the higher quality part of high yield, the double b we think has decent value. the triple c which has under performed this year we expect to continue to under perform. when you go from an environment where default rates are picking up cccs always under perform. we feel that is happening and

will continue to happen. >> we are in a period where default rates are starting to tick up. we have been an unusually low default period. >> if you look at under writing trends which have been more aggressive usually around 12 to 18 months, probably closer to 18 months after that defaults pick up materially. particularly when you are from a low base and go to 1% to 5% cccs always under perform. that is what has happened so far this year in anticipation of rates. >> stay away from the riskiest end. within high yield the money flows are interesting. when you and i were talking earlier i remember the late '90s and enormous inflow of money there. a lot of it is speculative. has it happened more recently? >> absolutely. i think in terms of how is it going to be different?

a banking crisis which is a broad correction in high yield or more industry specific like in the late 90s with telecom media and telecom. we think the odds on favorite is energy and commodities is going to perform the worst. >> why? >> that is where the most aggressive business model financing has occurred. second is we believe that because the global economy hasn't grown as fast as anticipated when a lot of these projects were drawn up that the results are going to be very disappointing and oversupply and execution issues. if you look at energy as a percentage of high yield markets around 16% you look at commodities another 5% or 6% that is about 22% of the index today. 15 years ago that was around 10. material growth, aggressive

business models, the underlying environment for these business models deteriorating we think will spell trouble. >> oil prices has been coming down sharply. does that add into the equation at all? >> when you had an aspiration business model and your end product is disappointing that is what is happening. >> so if i'm looking for risk in a low yield environment where the government is certainly not paying me anything to let them borrow from me and cccs aren't where i want to be anymore where do i look? are there other places in the world? >> in terms of going to high yield the bbs i think the loan market continues to bb part of high yield market has good absolute and relative value from a spread basis. if you are focusing specifically on spread we think loans are still cheap. if you are looking for risk i think a better risk reward is probably in some of the latin american countries whether it is

argentina, venezuela. which is much closer to default levels particularly on bonds 17 or longer. we think that if any were to default we think it would be 30 to 40 cents and are trading just below 40 on some of the names. that would be something i wouldn't be very aggressive on. from a risk adjusted basis you are getting more interesting. >> finally, we talk about energy. your firm, i know, was a big buyer of russian company bonds. i believe you got out, got in. where is it now? is it something you think is attractive? talk about significant risk, i imagine it is there. >> probably the best values in russia probably are on the equities.

the debt of gas pump still trades about 200 basis points wide to the sovereign and to us it is really the same credit. in fact, i would argue that gas might be a better credit than on the sovereign. >> russia. >> exactly. so there is some good relative value there. we do feel that the situation will have more definition within 12 months. and but it is obviously fluid. we still -- it is a position where we have cut our absolute exposure in the spring and have been looking for more evidence to materially add. >> as always appreciate your insight. sorry we didn't have more time, but thank you. >> cio, sue, back to you. >> great conversation. thank you very much. stocks just off their session lows. right now the s&p is down about five points on the day. the dow is down 80.

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welcome back. the breaking news desk. we are learning from the white house that the president of the united states has been in contact with the prime minister harper in canada about the situation occurring in ottawa. we are waiting for a news conference to be held by royal canadian police expected roughly at 2:00 to bring us up to date on the situation concerning a series of shootings and where we understand they are looking for potentially more than one gunman. additionally, we are learning that the gain me between toront maple leafs has been postponed. that was announced by the national hockey league today. they say it will be rescheduled

at a later date. it appears the leaders of canada and the united states have been in contact. we are awaiting a news conference. again, probably not surprising that tonight's nhl game has been postponed. >> thanks very much. >> stocks remain under pressure. dominic chu with a "market flash." >> one area in particular are transportation stocks hovering off session lows down by 1.25%. leading the way lower you have names like ryder systems followed by avid, jet blue. transportation stocks perhaps seen as a leading indicator. back here bob is here to kind of give us a run down of how things are shaping up and what you are watching today. >> the important thing is the first headlines on the canadian

incident occurred at 10:00 a.m. the s&p 500 until the story broadened out and heard the u.s. embassy on lockdown that the market started moving south. that is when the volume started picking up and etfs like the spdr. and utilities trading and consumer staples section are holding up well. we have some very important earnings out. there was worry that some of the big multinationals would come out and either low their earnings guidance or talk about the fourth quarter being potentially disappointing. that hasn't happened so far including today. owens corning had a strong beat. stanley black and decker strong beat. they did very well overall. that is a big multi industry company, power tools division. they beat expectations, as well.

i want to point out that this has been a remarkable week and a half. vix went up and down 100%. the vix went from 15 to 30 and back down to 15. it has elevated itself in the middle of the day. it is rather remarkable. the one thing i want to remind everyone is we are going into a seasonably strong period. november is a big month for buybacks. october is a low month because companies traditionally stop buying back stock during their earnings period. there is usually windows. buybacks dip down dramatic in october and pick up in the month of november. not only is it seasonably strong but buybacks are strong. we had a big buyback program. >> the vix bears watching up 8% today. that spike occurred as the headlines came out of canada and the dow jones industrial average approaching the lows of the trading session once again. >> your point earlier is i think very important.

the initial headlines i don't think told the whole story. that is why the markets didn't react for a couple of hours. when we saw there were more than one gunman and may have been other incidents or other people involved and the u.s. embassy on lockdown. we got those headlines that is when the market said there is a little more to this than some lone incident. >> the risk premium is back in the market. the chatter from traders here that i had a chance to overhear and they are worried about the same types of incidents occurring here in the united states. god forbid it happens. they feel vulnerable after 9/11. a couple of traders that i talked to said the risk is changing. the way we look at risk is changing. the way we look at the possibility of home grown terrorism is changing and that is why they think the market is moving like that. let's take a look at some --

transports down 113 points on the trading session right now. dow is down about 89 and the toronto stock exchange is thou down 181 points, that is 1.25%. we will continue to follow that situation and find out whether or not -- could we put the dollar index up, too? join the conversation. >> i was going to ask sue and maybe bob who has not been tethered to the anchor desk whether you sense any heightened security or sense of alert at the new york stock exchange which is a very secure location. you have to go through several check points to get in. there are armed new york city police and armed personnel in the employee of the new york stock exchange. have you spoken to anybody about them going on to a more higher level of alert? >> i haven't. i will check that. i did walk through security points earlier and didn't sense change in that at all.

this is one of the highest security areas in the world. it is often joked it is tougher to get in here than the white house. you have to go through multiple levels of security to get in. i haven't seen changes. >> a lot of times it is the security that you don't see that gets tightened up. it is there. we will take a very quick break. we are monitoring the situation in canada and monitoring the markets here and in canada, as well. back in a moment. health can change in a minute. so cvs health is changing healthcare. making it more accessible and affordable,

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of a loading website. don't listen to the naysayer. switch to comcast business today and get 50 megabits per second for $89.95. comcast business. built for business. the breaking news desk. we have a fresh press release from ottawa police department. a lot of information here. let me give you the big headline, one male suspect confirmed deceased. there is no further update on injuries at this time. ottawa police saying one of the shooters is confirmed dead. no further update. they say there are two areas where incidents occurred, parliament hill and the national war memorial contrary to early reports there was no incident near the mall. one shooting victim succumbed to his injuries.

he was a member of the canadian forces and ottawa police say their thoughts and prayers are with him and loved ones. ottawa residents are asked to stay away from the downtown area while the investigation continues. if you work in the downtown building follow the instructions from building management. they do not indicate whether they are still looking for further suspects. back to you. thank you very much. we will be watching obviously the press conference that will begin momentarily up in ottawa. that does it for "power lunch." "street signs" begins after a quick break.

big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern.

and we begin with a story unfolding in canada. canadian soldier shot dead. the market and the world watching it all unfold. >> we are sitting at session lows. a lot of caution coming into the market. the dow jones utility average did hit a record. the s&p and nasdaq will be up for a sixth straight day. dow up by trim digits.